3M Company (MMM) price prediction for 2022
Predicted price range for 3M Company Our trading algorithm values 3M Company (MMM) to be fairly valued. ###PLOTLYGRAPH### The red lines in this plot …
Read ArticlePredicted price range for Zimmer Biomet Holdings
Our trading algorithm values Zimmer Biomet Holdings (ZBH) to be strongly overvalued.
The red lines in this plot symbolize the changepoints of the price, meaning that the trend or direction changed, either from a down to an uptrend, or the other way around.
| Name | Value |
|---|---|
| Our valuation | strongly overvalued |
| Current trend | downtrend |
| Buy/Sell Recommendation | Strong Sell |
| Current Price | $110.51 |
| 60 Day Prediction | $92.98 |
| 60 Day Pred - Lower Bound | $83.98 |
| 60 Day Pred - Upper Bound | $101.81 |
Our algorithm predicts the future trend with the linear formula (a*x + b = y):
$ price = -0.132 * nr_days_in_the_future + 96.935
Based on this information, our algorithm recommends the trading decision: Strong Sell. Remember that this is not investment advice, and only a statistical analysis. Do your own research.
Historic price development
ZBH traded at $110.51 this Tuesday October 18th, gaining since last week.
Looking back, over the last month, ZBH has been gaining.
Over the last year, it has been loosing $-35.91 or -32.49 percent.
Seasonality of Zimmer Biomet Holdings
Using our AI model, we have been analyzing the value change for Zimmer Biomet Holdings depending on the day or month of a year. This can be seen in the following graph:
